Question: Using Excel to prepare the statement of cash flows, indirect method The James Bond Clothing Company began operations on July 1, 2019. The adjusted trial
Using Excel to prepare the statement of cash flows, indirect method The James Bond Clothing Company began operations on July 1, 2019. The adjusted trial balance as of December 31, 2019 appears below, along with transaction data for 2019. THE JAMES BOND CLOTHING COMPANY Worksheet 12/31/19 Account Title Adjusted Trial Balance Credit Debit Cash Accounts Receivable Inventory Office Equipment Truck Accumulated Depreciation-Plant Assets Accounts Payable Note Payable-Short Term Note Payable-Long Term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Rent Expense Advertising Expense Depreciation Expense S 191,400 24,000 8,800 52,000 36,000 $ 12,000 11,000 20,000 66,000 200,000 2,000 30,000 7,200 4,000 1,600 12,000 $339,000$ 339,000 Transaction Data for 2019
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
